Plaza Hotel

The Plaza Hotel is a 20-story luxury hotel located on 768 Fifth Avenue in Midtown Manhattan, New York City, New York. It opened on 1 October 1907, and Conrad Hilton bought the hotel for $7.4 million in October 1943, but he sold it ten years later. On 27 March 1988, Donald Trump purchased the hotel for $390 million, but he failed to pay off its debt load and was forced to give Citibank a 49% stake in the hotel in exchange for forgiveness for its $250 million debt. In October 2018, the Qatari Katara Hospitality purchased the hotel.